REPORTABLE SEGMENT INFORMATION

9 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

REPORTABLE SEGMENT INFORMATION

REPORTABLE SEGMENT INFORMATION

The chief operating decision maker allocates resources and assesses performance based on a global brand view which represents VF's operating segments. The operating segments have been evaluated and combined into reportable segments because they meet the similar economic characteristics and qualitative aggregation criteria set forth in the relevant accounting guidance.

The Company's reportable segments have been identified as: Outdoor, Active and Work. We have included an Other category in the table below for purposes of reconciliation of revenues and profit, but it is not considered a reportable segment. Other primarily includes sourcing activities related to transition services.

Financial information for VF's reportable segments is as follows:

	Three Months Ended December				Nine Months Ended December
(In thousands)	2022		2021		2022		2021
Segment revenues:
Outdoor	$	2,003,045	$	1,928,427	$	4,326,997	$	4,052,802
Active	1,258,682		1,410,577		3,772,737		4,104,818
Work	268,940		285,101		772,980		858,999
Other	—		279		148		557
Total segment revenues	$	3,530,667	$	3,624,384	$	8,872,862	$	9,017,176
Segment profit (loss):
Outdoor	$	457,027	$	450,432	$	670,615	$	662,761
Active	146,885		254,497		541,171		809,708
Work	18,487		47,672		92,989		150,649
Other	(134)		(44)		(516)		(696)
Total segment profit	622,265		752,557		1,304,259		1,622,422
Impairment of goodwill and intangible assets	—		—		(421,922)		—
Corporate and other expenses	(116,133)		(74,210)		(507,656)		(166,115)
Interest expense, net	(50,230)		(33,388)		(115,395)		(100,533)
Loss on debt extinguishment	—		(3,645)		—		(3,645)
Income from continuing operations before income taxes	$	455,902	$	641,314	$	259,286	$	1,352,129